The Macro Picture 🗺️
UNI printed a $3.7 structural peak on Jun 17, then spent two full weeks coiling inside a tight $2.85–$3.1 range — the kind of prolonged compression that stores energy for the next expansion. That range has now resolved to the upside: price has broken out to $3.2 on a strong impulse with RSI surging back toward 70. The path of least resistance has flipped up, and the June peak is squarely back in view.
The Setup ⚙️
The Support Flip: The $3.0–$3.1 band that capped the range for two weeks is the level bulls now need to defend as support. A clean flip here confirms the breakout and turns every dip into a continuation entry rather than a failure.
The Ceiling: The immediate hurdle is the $3.3 decision, the first supply shelf on the way up. Clearing it removes the last barrier before the $3.7 macro resistance, and the volume behind this breakout shows bulls are set up to press it.
The Roadmap: Primary target sits at $3.7 — the June structural peak and macro ceiling, where the green roadmap points once $3.3 gives way and the buy stops above it trigger. Invalidation: a sustained 1D close back below $3.0 would invalidate the breakout and drop price back into the $2.85 range base.
UNI printed a $3.7 structural peak on Jun 17, then spent two full weeks coiling inside a tight $2.85–$3.1 range — the kind of prolonged compression that stores energy for the next expansion. That range has now resolved to the upside: price has broken out to $3.2 on a strong impulse with RSI surging back toward 70. The path of least resistance has flipped up, and the June peak is squarely back in view.
The Setup ⚙️
The Support Flip: The $3.0–$3.1 band that capped the range for two weeks is the level bulls now need to defend as support. A clean flip here confirms the breakout and turns every dip into a continuation entry rather than a failure.
The Ceiling: The immediate hurdle is the $3.3 decision, the first supply shelf on the way up. Clearing it removes the last barrier before the $3.7 macro resistance, and the volume behind this breakout shows bulls are set up to press it.
The Roadmap: Primary target sits at $3.7 — the June structural peak and macro ceiling, where the green roadmap points once $3.3 gives way and the buy stops above it trigger. Invalidation: a sustained 1D close back below $3.0 would invalidate the breakout and drop price back into the $2.85 range base.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
📈 Stop guessing your settings — backtest & optimize with QuantPilot
🎁 Free to start
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.